Wednesday, 7 December 2011

Good crops, might loss, NCDEX commodity


Local Consumer may decline in prices of Turmeric for intraday trading. Lately, turmeric cropped well has sufficient stuff which expected to control prices from trading higher in the short term. Although, it might be the turmeric prices may get down on owing of higher production in coming January and February session.
Due to the unfavorable weather in Gujarat, Jerra prices are accepted to trade bullish for the intraday. But, the overseas buyers are expected to arrive soon which might leads the prices.
Improved demand from the local stockists led Chana Spot prices and Futures to settle 1.47% and 0.46% higher on Wednesday. Further, lower stocks at the domestic till fresh arrivals also supported prices. 

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